First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Short Interest Update

Key Points

• First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) experienced a significant decline in short interest, dropping 90.0% to just 100 shares as of August 31st, indicating a strong shift in investor sentiment.
• The fund's stock increased by 1.6% to $126.34 during trading on Thursday, with a market cap of $1.23 billion and a price-to-earnings ratio of 14.19.
• First Trust Mid Cap Core AlphaDEX Fund announced a quarterly dividend increase to $0.2671 per share, representing an annualized dividend of $1.07 and a yield of 0.8%.

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - ) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 100 shares, a drop of 90.0% from the August 15th total of 1,000 shares. Based on an average daily volume of 19,200 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company's stock are short sold. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 19,200 shares, the short-interest ratio is presently 0.0 days.

First Trust Mid Cap Core AlphaDEX Fund Stock Up 1.6%

NASDAQ:FNX traded up $2.05 during trading hours on Thursday, hitting $126.34. 9,570 shares of the stock traded hands, compared to its average volume of 29,055. First Trust Mid Cap Core AlphaDEX Fund has a 1 year low of $93.19 and a 1 year high of $127.98. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 14.19 and a beta of 1.20. The stock has a 50 day moving average price of $119.73 and a 200 day moving average price of $112.69.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a dividend of $0.2671 per share. The ex-dividend date was Thursday, June 26th. This is an increase from First Trust Mid Cap Core AlphaDEX Fund's previous quarterly dividend of $0.26. This represents a $1.07 annualized dividend and a dividend yield of 0.8%.

Institutional Investors Weigh In On First Trust Mid Cap Core AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of FNX. Royal Bank of Canada increased its position in First Trust Mid Cap Core AlphaDEX Fund by 8.5% during the fourth quarter. Royal Bank of Canada now owns 248,407 shares of the company's stock valued at $28,745,000 after acquiring an additional 19,517 shares during the last quarter. Kestra Advisory Services LLC increased its position in First Trust Mid Cap Core AlphaDEX Fund by 2.4% during the first quarter. Kestra Advisory Services LLC now owns 192,188 shares of the company's stock valued at $20,945,000 after acquiring an additional 4,539 shares during the last quarter. Baird Financial Group Inc. increased its position in First Trust Mid Cap Core AlphaDEX Fund by 7.3% during the second quarter. Baird Financial Group Inc. now owns 176,257 shares of the company's stock valued at $20,243,000 after acquiring an additional 11,955 shares during the last quarter. Cetera Investment Advisers increased its position in First Trust Mid Cap Core AlphaDEX Fund by 0.7% during the first quarter. Cetera Investment Advisers now owns 170,443 shares of the company's stock valued at $18,575,000 after acquiring an additional 1,158 shares during the last quarter. Finally, Bank of America Corp DE increased its position in First Trust Mid Cap Core AlphaDEX Fund by 2.8% during the fourth quarter. Bank of America Corp DE now owns 133,345 shares of the company's stock valued at $15,431,000 after acquiring an additional 3,612 shares during the last quarter.

About First Trust Mid Cap Core AlphaDEX Fund

The First Trust Mid Cap Core AlphaDEX Fund (FNX) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Core index. The fund tracks a tiered equal-weighted index of US mid-cap equities selected using both growth and value screens. FNX was launched on May 8, 2007 and is managed by First Trust.

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